For Sale

Unit 6 Pembroke Avenue, Denny End Industrial Estate, Waterbeach , Cambridge, CB25 9QP

Freehold

5,321 sq ft

Property Advisor

Walter Scott

Partner, Industrial & Logistics Agency

View Walter's profile

Brochure

A rare opportunity to purchase a well-let light industrial unit in an established commercial location in close proximity to Cambridge.

- Strategically located north of Cambridge along the A14 corridor, approximately 3 miles from the A14 and Cambridge Science Park, providing excellent connectivity to the wider road network and central Cambridge;

- Long Leasehold of 999 years from 27/02/2007 at a peppercorn rent;

- Fully let to a very strong covenant with a WAULT of 4.5 years;

- Rental income of £52,000 per annum exclusive (£9.77 per sq ft);

- Offers invited in excess of £750,000. A purchase at this level reflects an attractive net initial yield of 6.50% and a low capital value of approximately £140 per sq ft.

The property is a mid-terrace industrial / warehouse unit of steel portal frame construction. Elevations comprise brick and block construction with profile sheet metal cladding above. On ground floor there is a reception area, office, kitchen, WC's and the main warehouse space. At first floor, the original mezzanine area has been extended by the current tenant under a Licence to Alter.

Property specification

6.25 m eaves
Roof lights
1 x level access electric roller shutter door
Gas fired heating system
Male & Female WC's
Three phase power
Loading yard and parking to front

Location

The popular and long-established Denny End Road Industrial estate is located directly adjacent to the A10, approximately 3 miles north of Cambridge and Junction 33 of the A14. This provides easy access to Felixstowe Port to the east and the M11, A1(M) and A428 to the west.

The estate is just a 10 minute drive from Cambridge North mainline station and a 15 minute drive from Cambridge International Airport and central Cambridge.

Other occupiers on the estate include: Thermoteknix Systems, Huxley Bertram, Ede & Ravenscroft, Blayson Olefines, Alstom, AVIC and Pastore Brewing and Blending.
Waterbeach is expected to grow considerably over the next few years due to the planned development on the former MOD site just north of the property. Planning has been granted for 6,500 new homes and associated employment, transport, educational, health and community uses.